Cann Global : Appx 4G and Corporate Governance Statement

http://www.canngloballimited.com /corporate-governance-statement/

Rules 4.7.3 and 4.10.31

Appendix 4G

Key to Disclosures

Corporate Governance Council Principles and Recommendations

Name of entity:

CANN GLOBAL LIMITED

ABN / ARBN:	Financial year ended:
18 124 873 507	30 June 2020

Our corporate governance statement2 for the above period above can be found at:3

• These pages of our annual report:

☒ This URL on our website:

The Corporate Governance Statement is accurate and up to date as at 30 June 2020 and has been approved by the board.

The annexure includes a key to where our corporate governance disclosures can be located.

Date: 5 October 2020

Name of Director or Secretary authorising Alex Neuling lodgement:

1 Under Listing Rule 4.7.3, an entity must lodge with ASX a completed Appendix 4G at the same time as it lodges its annual report with ASX.

Listing Rule 4.10.3 requires an entity that is included in the official list as an ASX Listing to include in its annual report either a corporate governance statement that meets the requirements of that rule or the URL of the page on its website where such a statement is located. The corporate governance statement must disclose the extent to which the entity has followed the recommendations set by the ASX Corporate Governance Council during the reporting period. If the entity has not followed a recommendation for any part of the reporting period, its corporate governance statement must separately identify that recommendation and the period during which it was not followed and state its reasons for not following the recommendation and what (if any) alternative governance practices it adopted in lieu of the recommendation during that period.

Under Listing Rule 4.7.4, if an entity chooses to include its corporate governance statement on its website rather than in its annual report, it must lodge a copy of the corporate governance statement with ASX at the same time as it lodges its annual report with ASX. The corporate governance statement must be current as at the effective date specified in that statement for the purposes of rule 4.10.3.

1. "Corporate governance statement" is defined in Listing Rule 19.12 to mean the statement referred to in Listing Rule 4.10.3 which discloses the extent to which an entity has followed the recommendations set by the ASX Corporate Governance Council during a particular reporting period.
2. Mark whichever option is correct and then complete the page number(s) of the annual report, or the URL of the web page, where the entity's corporate governance statement can be found. You can, if you wish, delete the option which is not applicable.

Throughout this form, where you are given two or more options to select, you can, if you wish, delete any option which is not applicable and just retain the option that is applicable. If you select an option that includes "OR" at the end of the selection and you delete the other options, you can also, if you wish, delete the "OR" at the end of the selection.

Page 1

ANNEXURE - KEY TO CORPORATE GOVERNANCE DISCLOSURES

Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the	We have NOT followed the recommendation in full for the whole
			period above. We have disclosed …	of the period above. We have disclosed …4
PRINCIPLE 1 - LAY SOLID FOUNDATIONS FOR MANAGEMENT AND OVERSIGHT
1.1	A listed entity should disclose:	… the fact that we follow this recommendation:	☐ an explanation why that is so in our Corporate Governance
	(a)	the respective roles and responsibilities of its board and	☒ in our Corporate Governance Statement	Statement	OR
		management; and				☐ we are an externally managed entity and this recommendation
	(b)	those matters expressly reserved to the board and those
				is therefore not applicable
		delegated to management.
1.2	A listed entity should:	… the fact that we follow this recommendation:	☐ an explanation why that is so in our Corporate Governance
	(a)	undertake appropriate checks before appointing a person, or	☒ in our Corporate Governance Statement	Statement OR
		putting forward to security holders a candidate for election,
		☐ we are an externally managed entity and this recommendation
		as a director; and
					is therefore not applicable
	(b)	provide security holders with all material information in its
		possession relevant to a decision on whether or not to elect
		or re-elect a director.
1.3	A listed entity should have a written agreement with each director	… the fact that we follow this recommendation:	☒ an explanation why that is so in our Corporate Governance
	and senior executive setting out the terms of their appointment.	☐ in our Corporate Governance Statement OR	Statement
			☐ at [insert location]
1.4	The company secretary of a listed entity should be accountable	… the fact that we follow this recommendation:	☐ an explanation why that is so in our Corporate Governance
	directly to the board, through the chair, on all matters to do with the	☒ in our Corporate Governance Statement	Statement	OR
	proper functioning of the board.				☐ we are an externally managed entity and this recommendation
						is therefore not applicable

4 If you have followed all of the Council's recommendations in full for the whole of the period above, you can, if you wish, delete this column from the form and re-format it.

Page 2

Corporate Governance Council recommendation	We have followed the recommendation in full for the whole of the	We have NOT followed the recommendation in full for the whole
			period above. We have disclosed …	of the period above. We have disclosed …4
1.5	A listed entity should:	… the fact that we have a diversity policy that complies with	☒ an explanation why that is so in our Corporate Governance
	(a)	have a diversity policy which includes requirements for the	paragraph (a):	Statement
		board or a relevant committee of the board to set	☐ in our Corporate Governance Statement	OR
		measurable objectives for achieving gender diversity and to
		☐ at [insert location]
		assess annually both the objectives and the entity's progress
		in achieving them;	… and a copy of our diversity policy or a summary of it:
	(b)	disclose that policy or a summary of it; and
	☐ at [insert location]
	(c)	disclose as at the end of each reporting period the
	… and the measurable objectives for achieving gender diversity set by
		measurable objectives for achieving gender diversity set by
		the board or a relevant committee of the board in accordance	the board or a relevant committee of the board in accordance with our
		with the entity's diversity policy and its progress towards	diversity policy and our progress towards achieving them:
		achieving them and either:	☐ in our Corporate Governance Statement OR
		(1) the respective proportions of men and women on the	☐ at [insert location]
		board, in senior executive positions and across the
		whole organisation (including how the entity has defined	… and the information referred to in paragraphs (c)(1) or (2):
		"senior executive" for these purposes); or	☐ in our Corporate Governance Statement	OR
		(2) if the entity is a "relevant employer" under the Workplace
		☐ at [insert location]
		Gender Equality Act, the entity's most recent "Gender

Equality Indicators", as defined in and published under that Act.

1.6 A listed entity should:

1. have and disclose a process for periodically evaluating the performance of the board, its committees and individual directors; and
2. disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process.

• the evaluation process referred to in paragraph (a): ☒ in our Corporate Governance Statement

• an explanation why that is so in our Corporate Governance Statement OR
• we are an externally managed entity and this recommendation is therefore not applicable

1.7 A listed entity should:

1. have and disclose a process for periodically evaluating the performance of its senior executives; and
2. disclose, in relation to each reporting period, whether a performance evaluation was undertaken in the reporting period in accordance with that process.

• the evaluation process referred to in paragraph (a): ☐ in our Corporate Governance Statement

• an explanation why that is so in our Corporate Governance Statement OR

• we are an externally managed entity and this recommendation is therefore not applicable

Page 3

CANN GLOBAL LIMITED

ACN 124 873 507

(Company)

CORPORATE GOVERNANCE STATEMENT

This Corporate Governance Statement is current as at 5 October 2020 and has been approved by the Board of the Company on that date.

This Corporate Governance Statement discloses the extent to which the Company will, as at the date it is re-admitted to the official list of the ASX, follow the recommendations set by the ASX Corporate Governance Council in its publication Corporate Governance Principles and Recommendations (Recommendations). The Recommendations are not mandatory, however the Recommendations that will not be followed have been identified and reasons provided for not following them along with what (if any) alternative governance practices the Company intends to adopt in lieu of the recommendation.

The Company has adopted a Corporate Governance Plan which provides the written terms of reference for the Company's corporate governance duties which is available on the Company's website at www.cannglobal.com.

	RECOMMENDATIONS (3RD EDITION)			COMPLY				EXPLANATION
	Principle 1: Lay solid foundations for management and oversight
	Recommendation 1.1						The Company has adopted a Board Charter that sets out the
	A listed entity should have and disclose a charter which sets			YES			specific roles and responsibilities of the Board, the Chair and
					management and	includes	a description of	those matters
	out the respective roles and responsibilities of the Board, the
						expressly reserved	to the	Board and those	delegated to
	Chair and management, and includes a description of
						management.
	those matters expressly reserved to the Board and those
						The Board Charter sets out the specific responsibilities of the Board,
	delegated to management.
							requirements as to the Board's composition, the roles and
							responsibilities of the Chairman and Company Secretary, the
							establishment, operation and management of Board
							Committees, Directors' access to Company records and
							information, details of the Board's relationship with management,
							details of the Board's performance review and details of the
							Board's disclosure policy.

3133-05/2030060_4

1